Pre-Decision In Principle Application Form:

Sympathetic To Past Credit Issues: We Have Lenders That Accept Virtually All Types Of Credit.Prime, Light, & Heavy Adverse All Considered.

Details of your property

How Much Would You Like To Borrow?*

Estimated Value Of Your Property?*

Amount owing on existing mortgage or charges

Do You Have any Bad Credit?*

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About You

Details of your needs and circumstances

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​Overview of Pepper Money For Poor Credit Sec​ured Loans

​The Pepper Group originated in Australia, then expanded to open the European HQ for Pepper Money in London in 2012.

The Pepper Group is a part of a global investment firm, managing over £33 Billion in global assets, primarily through the Private Equity Firm KKR & Co(Kohlberg Kravis Roberts & Co.).

Pepper is an intermediary only lender so you will need to work with a mortgage broker or financial advisor to access their range of residential and commercial second mortgage products.

Many of the products offered by Pepper are tailored to unique credit scenarios, where homeowners and landlords are affected by:

Complex incomes, such as Directors with 25% shareholdings

Homeowners with a non-established credit profile

Anyone who is affected by any type of adverse credit

And those who have recently ventured into self-employment, thus making it more difficult to access finance through a secured loan

Pepper Offer Residential Second Mortgages to Suit Individual Needs

That means, unlike banks and building societies, when your broker or advisor submits your case to the Pepper Team, your application gets a manual review and is manually underwritten instead of using automated credit scoring systems.

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​​​​Pepper Loans Affordability and Eligibility Criteria

The minimum age is 21 years old, with an upper age limit for the end of the loan term being 75 years old.

The maximum number of applicants per application is two. For married couples, and those in Civil Partnerships, the application must be in joint names.

Credit Profiles Considered

No CCJs or account defaults in the past six months

No higher than two in the past 7 to 12 months and no more than three in the past 18 months.

Mortgage arrears are accepted as long as there are no more than two and between 13 and 18 months prior to your application. Arrears in the past six months to a year won’t be considered.

Defaults on unsecured loans including mail order, utilities and telecoms can be ignored up to the value of £150 per applicant. Note that these do not include missed payments on Debt Management Plans.

Debt Management Plans are considered, provided it’s been active for at least 12 months. Evidence from your DMP provider of satisfactory payments will be required.

Property repossessions are only considered if they date back past six years.

What Pepper Can Provide:

Loans from £25,001 up to £1 Million

Loans are based on 85% maximum LTV (loan to value) on capital plus interest payments, and 60% max LTV on interest-only repayments. If applying for an interest-only second mortgage, a suitable repayment strategy will be required.

Repayment terms are a minimum of five years, up to a maximum of 35 years. Keep in mind, the upper age limit to have your loan repaid in full is 75 years old.

​​​​What You Need To Apply

Proof of income is required, and the minimum income requirement for eligibility is £18,000 per applicant

Employees on renewing short-term contracts can be considered provided there is 12-months work history with the same employer

Proof of incomes are flexible and can include 3-months payslips, bank statements, and P60s. For those on zero-hour contracts, 2 years payslips or evidence to show you’ve worked for the same employer for the past two years are acceptable.

Temporary and seasonal workers will not be considered. Only employment that lasts year-round will be acceptable.

In addition to your regular salary, other income top-ups can be considered, including:

Car allowances

All bonuses, whether paid weekly or monthly, provided they are regular

For quarterly bonuses, 50% can be used based on 2-years evidence of bonus payments being produced as evidence of regular bonuses

Any overtime and commissions paid by your employer will be considered on an individual case basis

For Self-Employed Applicants

You’ll need proof of 12-months continuous employment with at least 6 months in your current position

Contractors working on a day rate basis can be considered, based on providing a 12-month continuous contracting history in the same field

A minimum of one year’s accounts must be provided, along with at least the last three month’s business bank statements

Form SA302 is accepted

Also note that if you’re a Director with 25% or higher shareholdings, your loan will be underwritten as self-employed.

For applicants who are retired, all private pension payments are acceptable, as are State Retirement Pension (SRP) payments.

Your latest annual pension statement should be supplied as well as your last three months bank statements to show pension credit payments each month.

For a free, no obligation quotation, using a soft search only, contact the team at 1st UK Mortgages to find out how we can help you access the finance you need and fast. We have a high success rate and take a personal approach to all of our customers. Some of our partner lenders accept unlimited adverse credit entries.